Foreign trade turnover of the Lipetsk region with Belgium increased by almost 40%

Foreign trade turnover of the Lipetsk region with Belgium increased for the first eight months of 2018 of 39% compared to the same period last year and amounted to 833,1 million dollars, according to the administration of the Lipetsk region.

«For several years, Belgium is among the five largest foreign trade partners of the Lipetsk region. In January-August 2018 turnover of the Lipetsk region with Belgium increased by 39% compared to the same period of the previous year and amounted to 833,1 million dollars. The exports also increased by 39% to 821,2 million dollars. The share of exports in turnover: 98,6%», — stated in the message.

According to the administration of the region, exports from the Lipetsk region in Belgium by the end of 2017 increased by 55% and amounted to 907 million dollars. The main commodity group exports steel products in small quantities exported oil products. Also increased 3.5 times the imports from Belgium reached $ 28 million. Major commodity groups of imports in 2017 — engineering products (50%), ferrous metals (24%), chemical products (17%).